Postal operators see financial services rise
Although postal operators – particularly in the letter post and express markets – are feeling the pinch from economic recession, financial services and some areas of parcel post are actually showing signs of growth, according to theUniversal Postal Union (UPU). The UPU is an United Nations agency which acts as the key international forum for […]
May 1, 2009
The UPU is an United Nations agency which acts as the key international forum for cooperation between postal sector players.
The comments are a result of a recent UPU survey of its members which was presented at a recent conference held at the UPU’s headquarters in Berne, Switzerland, to discuss the impact of the current global financial and economic crisis on the postal sector.
“Results of the survey conducted among 15 of the world’s largest Posts and private courier companies show that the sector is certainly feeling the effects of the crisis but it is not showing signs of an economic depression like other sectors,” reported the UPU.
The surveyed operators account for 66 per cent of total worldwide letter post volumes, 88 per cent of parcel post traffic, and up to 75 per cent of express volumes, according to the UPU.
Among the findings: Postal financial institutions had experienced “tremendous growth” since the crisis began. Some European operators, such as Swiss Post and Deutsche Post, were experiencing annual growth rates above 50 per cent.